by admin | Nov 20, 2019 | Mortgages
While most traditional mortgages let borrowers access funds to purchase a home, one type of mortgage works in the exact opposite way. With a reverse mortgage, the homeowner withdraws a portion of the equity available in a home they already own. The most popular type...
by admin | Nov 2, 2019 | Mortgages
What is an FHA loan? An FHA loan is a government-backed mortgage insured by the Federal Housing Administration, or FHA for short. Popular with first-time homebuyers, FHA home loans require lower minimum credit scores and down payments than many conventional loans....
by admin | Oct 23, 2019 | Mortgages
What is a VA loan? Homebuyers who are considering a VA loan, but have questions, have come to the right place. Applying for a mortgage can be complicated enough even without adding a VA loan to the mix. With so many steps, the VA loan process can sometimes feel...
by admin | Oct 6, 2019 | Mortgages
When you prepay your mortgage, it means that you make extra payments on your principal loan balance. Paying additional principal on your mortgage can save you thousands of dollars in interest and help you build equity faster. There are several ways to prepay a...
by admin | Sep 20, 2019 | Mortgages
First-time homebuyers are navigating one of the toughest real estate markets in modern history. Inventory is especially tight in many areas of the country as speculators buy these homes to flip for a quick profit, and escalating costs are prompting builders to focus...
